Los Angeles — 700Credit, a provider of credit reporting and compliance solutions, recently announced record company growth for the first half of 2007. It also announced that it plans to release several new software solutions to its dealer base beginning first quarter 2008. The company’s continued growth is fueled by several vertical markets including integration with the Reynolds & Reynolds Power system. Launched in the third quarter of 2006, over 500 Reynolds Power dealerships signed onto 700Credit’s platform.
Dealerships to sign onto the 700Credit credit reporting platform through Reynolds & Reynolds include Penske Automotive Group, Longo Automotive Group, Keyes Automotive Group, Sullivan Automotive Group and more. 700Credit, which currently services over 10,000 users in all 50 states, will further expand its product and service offerings beginning first quarter 2008.
700Credit has seen a strong increase in market presence and currently processes more than 1 million credit products per month for over 10,000 users at automotive dealerships in all 50 states nationwide. The average response time with 700Credit is less than a second — making it the fastest credit report response time in the market today.